14. Other financial assets,,,,,,,
£0, Central Office of Information Public Dividend Capital,Procurement Service Public Dividend Capital,London Hostel Association Loan,Bridges Social Entrepreneurs Fund Loan , Total,,
,,,,,,,
,,,,,,,
Restated balance at 1 April 2010,265,350,344,662,"1,621",,
Additions,-,-,-,244,244,,
Impairment,-,-,-,-352,-352,,
Loan repayments,-,-,-20,-,-20,,
Balance at 31 March 2011 Restated,265,350,3241,5542,"1,493",,
,,,,,,,
,,,,,,,
Additions,-,-,-,343,343,,
Impairment,-,-,-,-128,-128,,
Loan repayments,-265,-,-20,-,-285,,
Balance at 31 March 2012,-,350,3041,7692,"1,423",,
,,,,,,,
,,,,,, ,
Of which at 31 March 2012,,,,,,,
Current liability,-,-,20,-,20,,
Non current liability,-,350,284,769,"1,403",,
Balance at 31 March 2012,-,350,304,769,"1,423",,
,,,,,,,
Of which at 31 March 2011,, , ,,,,
Current liability,265,-,20,-,285,,
Non current liability,-,350,304,554,"1,208",,
Balance at 31 March 2011 Restated,265,350,324,554,"1,493",,
,,,,,,,
Of which at 1 April 2010,, , ,,,,
Current liability,-,-,20,-,20,,
Non current liability,265,350,324,662,"1,601",,
Balance at 1 April 2010 Restated,265,350,344,662,"1,621",,
,,,,,,,
,,,,,,,
,,,,,,,
All ‘Other financial assets’ are held by the core Department. ,,,,,,,
,,,,,,,
"1 The loan made to London Hostels Association, LHA London Ltd, is secured by a debenture dated 23 July 1986 and is interest free. It is repayable by instalments at the rate of £20,000 per annum in accordance with the agreement. Where any property is sold, the Cabinet Office may at its discretion, require a maximum of 25% of the net proceeds as an accelerated repayment of the loan.",,,,,,,
"2 For information on loan commitments, see Notes 22 and 31.",,,,,,,
The Department’s share of the assets and results of the above bodies is as summarised below:,,,,,,,
,,,,,,,
£0,London Hostels Association Loan,Bridges Social Entreprenuers Fund Loan,,,,,
,,,,,,,
,,,,,,,
Net assets at 1 April 2010,-,5721,,,,,
Turnover,-,-,,,,,
Surplus for the year (before financing),-,-,,,,,
,,,,,,,
Net assets at 31 March 2011,-,5542,,,,,
Turnover,-,-,,,,,
Surplus for the year (before financing),-,-,,,,,
,,,,,,,
Net assets at 31 March 2012,-,8043,,,,,
Turnover,-,-,,,,,
Surplus for the year (before financing),-,-,,,,,
,,,,,,,
"1 Net assets include £34,036 which was the subject of a drawdown request dated 24 March 2010 to settle management fees for the period 1 April 2010 to 30 June 2010. The amount of £34,036 is not included in the total additions figure of £661,895 as it was paid on 12 April 2010 under the terms of the Limited Partnership Agreement. The loan was not impaired in 2009-10 given that the Fund was newly established in August 2009",,,,,,,
2 The department has a 33.27% share of the net assets,,,,,,,
"3 The department holds a 33.27% share of the total net assets and partnership funds amounting to £803,811. Net assets include an amount of £35,072 which was the subject of a draw down request dated 30 March 2012. This amount is not included in the total additions figure of £343,336 as it was paid during April 2012 under the terms of the Limited Partnership Agreement",,,,,,,
,,,,,,,
Extracts from Central Office of Information (COI) Accounts for the year ended 30 December 2011,,,,,,,
,,,,,,,
"COI was born out of the wartime Ministry of Information and came into being on 1 April 1946. It closed on 30 December 2011. For 66 years it has performed a key function as an efficient and effective centre for government communications, supporting and delivering results on behalf of a diverse range of clients in Whitehall and right across the wider public sector. Ever since it was formed, COI has driven best practice, value for money and has championed accountability standards and robust evaluation. These principles now lie at the heart of all government marketing and communications activity.",,,,,,,
Extracts from the comprehensive statement of income,,,,,,,
£0,2011-12,2010-11,,,,,
,,,,,,,
Revenue1 ,"92,855","167,990",,,,,
Cabinet Office subsidy,"5,981",-,,,,,
Other income,"1,685","1,754",,,,,
Operating surplus/ (deficit),"100,521","169,744",,,,,
Operating costs,"-103,771","-174,411",,,,,
Surplus/ (deficit) for the period,"-3,250","-4,667",,,,,
Loss on disposal of current assets,-12,-,,,,,
Finance income,21,58,,,,,
Finance costs,-,-,,,,,
Retained surplus/ (deficit) for the period,"-3,241","-4,609",,,,,
,,,,,,,
,,,,,,,
Extracts from the statement of financial position,,,,,,,
£0,2011-12,2010-11,,,,,
,,,,,,,
Non current assets,-,"1,228",,,,,
Current assets,"39,293","50,356",,,,,
Liabilities due within one year,"-39,293","-45,898",,,,,
Liabilities due after more than one year,-,"-2,180",,,,,
Net assets and taxpayers’ equity,-,"3,506",,,,,
,,,,,,,
,,,,,,,
"1Revenue includes £301,000 (2010-11: £649,000) Cabinet Office subsidy for Central Advisory Service",,,,,,,
,,,,,,,
Government Procurement Service (formally known as Buying Solutions),,,,,,,
,,,,,,,
"Government Procurement Service, originally known as Buying Solutions, was set up in 1991 as a Trading Fund under the Government Trading Fund Act 1973. It provides procurement services to the other government bodies. The Cabinet Office owns 100 per cent of the issued Public Dividend Capital of Buying Solutions. In accordance with the FReM, the Cabinet Office’s investment is shown at its historical cost. A dividend of £2.379 million (2010-11: £2.092 million) is payable for the year ended 31 March 2011; see Notes 10 and 31.",,,,,,,
,,,,,,,
Extracts from Government Procurement Service’s Accounts for the year ended 31 March 2012,,,,,,,
,,,,,,,
Extracts from the comprehensive statement of income,,,,,,,
,,,,,,,
£0,2011-12,2010-11,,,,,
,,,,,,,
Turnover ,"54,198","76,279",,,,,
,,,,,,,
Operating surplus/ (deficit),"4,929","6,190",,,,,
Interest receivable,60,46,,,,,
Surplus/ (deficit) for the financial year,"4,989","6,236",,,,,
Dividend payable to Cabinet Office,"-2,379","-2,092",,,,,
Retained surplus/ (deficit) for the financial year,"2,610","4,144",,,,,
,,,,,,,
,,,,,,,
Extracts from the statement of financial position,,,,,,,
£0,2011-12,2010-11,,,,,
,,,,,,,
Non current assets,"11,044","11,143",,,,,
Current assets,"35,928","32,878",,,,,
Liabilities due within one year,"-10,179","-9,668",,,,,
Liabilities due after more than one year,-161,-331,,,,,
Net assets and shareholders’ funds,"36,632","34,022",,,,,